Capita plc (LSE:CPI) has reached a £14 million settlement with Information Commissioner’s Office (ICO) in connection with a cyber attack that took place in March 2023. The incident exposed vulnerabilities in the company’s systems, prompting significant investment in cybersecurity upgrades under new leadership.
Despite the financial impact of the settlement, Capita has reaffirmed its existing financial guidance and remains focused on achieving positive cash flow by the end of 2025. The company continues to advance its broader transformation strategy aimed at operational efficiency and improved service delivery.
While Capita shows some equity strength, it continues to face notable financial pressures, particularly in cash flow and revenue. Technical indicators present a mixed picture, and the stock’s valuation remains moderate.
About Capita plc:
Capita is a modern outsourcing and business process services company that supports clients in both the public and private sectors. Operating across eight countries, it focuses on delivering efficient, technology-enabled services to enhance customer experiences. The company plays a significant role in UK and European markets, serving millions of people daily.
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